A federal bankruptcy judge said on Friday he will approve a restructuring plan for drugmaker Purdue Pharma that includes a $7.4 billion settlement resolving claims that it fueled the U.S. opioid epidemic through the sale of addictive pain medications like OxyContin.

U.S. Bankruptcy Judge Sean Lane, during a hearing in White Plains, New York, indicated he plans to sign off on Purdue's Chapter 11 plan, capping off a years-long bankruptcy case that began in 2019, the Stamford, Connecticut-based company said.

Lane is expected to issue a full, detailed decision on Tuesday.

"The plan is the product of intense work with our creditors through a singular, shared focus on delivering as much value as possible to meaningfully address the opioid crisis," Steve Miller, Purdue's board chairman, said i

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